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Monday, March 24, 2014

100% RELIANT ON RUSSIAN GAS

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The UK's biggest gas company Centrica will start importing Russian gas from October 2014, Reuters reports.

"Russia's two metal giants have emerged as big winners from Indonesia's new mining law, after leading a drive to get Jakarta to stick to its controversial mineral ore export ban in the face of opposition from miners and Asian buyers.

"In its six-month lobbying campaign last year, United Company Rusal and Norilsk Nickel delivered a blunt message to Indonesian officials: We will only invest billions of dollars in smelters if you ban bauxite and nickel ore exports."

5 comments:

The US is about 3 to 5 years away from being able to export shale gas to Europe, but nothing's more likely to speed up the required infrastructure build than a screaming need from Europe. However this seems a little suspect to say this was the drive behind the Ukraine break up, taking Crimea is one thing but how would they have known Putin'll stop there, assuming he does that is.